Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
EcoSynthetix Inc. J (TSE:ECO)
TSX:ECO
Holding TSE:ECO?
Track your performance easily
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 0.98%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant sales growth, transition to profitability, and increased demand across all markets. However, there were challenges in the tissue and paperboard market and a decrease in average selling prices. Overall, the sentiment leans towards optimism with noticeable highlights outweighing the lowlights.Company Guidance
During the EcoSynthetix Q3 2024 earnings call, the company reported a robust quarter with sales increasing by 38% to $5.2 million compared to the same period last year. The surge in demand, up 56% for the quarter and 47% year-to-date, was a major driver behind this growth. The company achieved a positive adjusted EBITDA of $365,000 and generated $1.6 million in cash from operating activities. Gross profit rose by 51% to $1.7 million, with a margin of 36.8%, despite a lower average selling price impacting sales by $700,000. SG&A expenses increased to $1.5 million, primarily due to higher variable-based compensation, while R&D expenses remained relatively stable at $540,000. The cash position stood at $33.5 million as of September 30, 2024, with significant investments made in share buybacks. The company emphasized the success of its diversification strategy and highlighted progress in trials and partnerships across various end markets, including wood composites, pulp, and personal care.Significant Sales Growth
Sales were up 38% to $5.2 million in Q3 from the same period last year, driven by a 56% increase in demand for products.
Transition to Profitability
Achieved profitability with $365,000 in positive adjusted EBITDA and $1.6 million in cash from operating activities.
Increased Demand Across All Markets
Growth observed in all target end markets including wood composites, tissue, paperboard, pulp, and personal care, indicating successful diversification strategy.
Successful Pulp Trial Program
Made significant progress with a large global pulp manufacturer, becoming an important strategic and commercial account.
Stable Supply Chain
Stable period with no significant movements in raw materials, a better macro environment compared to previous years.
---
TSE:ECO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
TSE:ECO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | C$4.10 | C$4.25 | +3.66% |
| Jul 30, 2024 | C$4.19 | C$4.25 | +1.43% |
| May 06, 2024 | C$4.74 | C$4.75 | +0.21% |
| Feb 27, 2024 | C$5.26 | C$4.75 | -9.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does EcoSynthetix Inc. J (TSE:ECO) report earnings?
EcoSynthetix Inc. J (TSE:ECO) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is EcoSynthetix Inc. J (TSE:ECO) earnings time?
EcoSynthetix Inc. J (TSE:ECO) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ECO EPS forecast?
Currently, no data Available
---